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Show WILL HOLD SUGAR FOR LOCALNMAND Quoted on the local market at $7.80 a hundred pounds, cane sugar recorded the highest mark reached in many years, following an advance yesterday In New York of 10 cents a hundred on all grades of refined sugar. Advices from the east arc to the effect that further advances aro likely, but sugar sug-ar companies of this section of the country declare that no rise In price will bo made unless conditions force further ndvance. Thomas R. Cutler, general manager of the Utah-Idaho Sugar company, says: V'As long as our supply of sugar holds out wo will make no further advance In prices The supply wo havo at the present timo Is In tho neighborhood of a quarter of a million mil-lion pounds If this Is sold before tho new sugar1 t nes In the people will havo to dopend on the outside market. mar-ket. As long as what we haVe lasts It will be sold to the Jobbers without any advance In price.'' Joseph Geoghegan, general sales agent for -the Utah-Idaho, Lewlston arid Amalgamated companies, makes a similar statement and quotes Judge H. H. Rolapp, general manager of the Amalgamated, as his authority. "Tho farmers of tho two states produce the sugar and we will sell the supply wo havo on hand, about a quarter of a million pounds, In tho states where our factories aro located and will protect pro-tect tho peoplo of Utah and Idaho as far as possible," ho says. "We will make no further advance unless tho condition of the market becomes Buck that we are forced to do It" Mr. Gcoghogan points out that If prices in the cast go still higher Jobbers Job-bers might buy the local supply and Bblp to the eastern markets, with the result that the local raarkot would bo at tho mercy of tho eastenf Jobbers. "We will not knowingly, however, sell a pound of sugar to bo shipped out of Utah or Idaho during the present high prices," ho' said. The. advance In sugar in tho past throo months has been sensational. On June 13 beet sugar was quoted on the local market at $5 90 retail and cane sugar at S6.10. The advance has been steadv and consistent until tho quotation during the week Just elbs-lng elbs-lng reached the figures of $C95 for beet and $7.60 for cane sugar Unfavorable crop reports and higher high-er foreign markets are the reasons assigned for tho advance, and eastern advices aro to the effect, that still higher high-er prices may be expected unless thero Is some change In the situation abroad. |